Honeywell International Inc. acquired a new stake in Hospitality Properties Trust (NASDAQ:HPT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,275 shares of the real estate investment trust’s stock, valued at approximately $533,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. increased its position in Hospitality Properties Trust by 1.0% in the first quarter. Tocqueville Asset Management L.P. now owns 145,660 shares of the real estate investment trust’s stock valued at $4,593,000 after buying an additional 1,420 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Hospitality Properties Trust by 143.2% in the first quarter. Canada Pension Plan Investment Board now owns 23,100 shares of the real estate investment trust’s stock worth $728,000 after buying an additional 13,600 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Hospitality Properties Trust by 2.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 57,485 shares of the real estate investment trust’s stock worth $1,813,000 after buying an additional 1,560 shares in the last quarter. Breton Hill Capital Ltd. bought a new position in shares of Hospitality Properties Trust during the first quarter worth about $848,000. Finally, IFP Advisors Inc increased its position in shares of Hospitality Properties Trust by 60.1% in the first quarter. IFP Advisors Inc now owns 8,084 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 3,035 shares in the last quarter. Institutional investors own 77.24% of the company’s stock.

Hospitality Properties Trust (NASDAQ HPT) opened at 27.33 on Thursday. Hospitality Properties Trust has a one year low of $26.06 and a one year high of $32.68. The stock has a market capitalization of $4.49 billion, a P/E ratio of 23.99 and a beta of 1.01. The stock has a 50 day moving average price of $29.11 and a 200-day moving average price of $30.49.

Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by $0.03. Hospitality Properties Trust had a return on equity of 7.54% and a net margin of 10.10%. The company had revenue of $570.60 million for the quarter, compared to analysts’ expectations of $557.61 million. During the same period in the prior year, the company posted $1.09 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. Analysts anticipate that Hospitality Properties Trust will post $1.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, July 24th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.61%. The ex-dividend date of this dividend is Thursday, July 20th. Hospitality Properties Trust’s dividend payout ratio is currently 180.87%.

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A number of research analysts have recently issued reports on HPT shares. Zacks Investment Research downgraded Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. FBR & Co set a $35.00 price target on Hospitality Properties Trust and gave the company a “buy” rating in a report on Saturday, May 13th. BidaskClub upgraded Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $32.00 price target (up from $31.00) on shares of Hospitality Properties Trust in a report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Hospitality Properties Trust has a consensus rating of “Hold” and an average target price of $33.21.

Hospitality Properties Trust Company Profile

Hospitality Properties Trust is a real estate investment trust. The Company’s segments include hotel investments, travel center investments and corporate. As of December 31, 2016, the Company owned 306 hotels with 46,583 rooms or suites, and 198 travel centers. As of December 31, 2016, the Company’s properties were located in 45 states in the United States, Canada and Puerto Rico.

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Institutional Ownership by Quarter for Hospitality Properties Trust (NASDAQ:HPT)

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